National Financial Switch Current Affairs, GK & News

B Sambamurthy appointed as new interim chairman of National Payments Corporation of India (NPCI)

B Sambamurthy, the former Director and CEO of the Institute for Development and Research in Banking Technology (IDRBT), has been appointed as new interim Chairman of the National Payments Corporation of India (NPCI). He will succeed M Balachandran, who was Non-Executive Chairman of NPCI from September 23, 2013 till September 20, 2017. Prior to the ..

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National Financial Switch

With a view to inter-connect the ATMs in the country and facilitate easy banking for the common man, the Institute of Development and Research in Banking Technology (IDRBT), Hyderabad conceptualized, developed and implemented the National Financial Switch. The National Financial Switch facilitates routing of ATM transactions through inter-connectivity between the Bank’s Switches, thereby enabling the ..

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